Tyson Foods buys 49% of MFM’s poultry business

MFM managing director Teh Wee Chye welcomed Tyson Foods’ partnership to expand MFM’s long-established poultry business.

PETALING JAYA: New York Stock Exchange-listed Tyson Foods Inc is investing RM420mil for a stake in Malayan Flour Mills Bhd’s (MFM) vertically integrated poultry business as it seeks to increase its halal poultry product offerings.

Tyson Foods, which is one of the world’s largest food production companies, is buying a 49% stake in MFM’s wholly-owned subsidiary, Dindings Supreme Sdn Bhd (DSSB).